Debenhams plc (DEB) Stock Rating Reaffirmed by Deutsche Bank AG
Debenhams plc (LON:DEB)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank AG in a report released on Tuesday. They currently have a GBX 45 ($0.59) target price on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 20.00% from the company’s previous close.
Several other equities analysts also recently weighed in on the company. Liberum Capital downgraded Debenhams plc to a “sell” rating and cut their target price for the company from GBX 58 ($0.76) to GBX 40 ($0.53) in a research report on Wednesday, November 1st. Numis Securities Ltd reissued a “hold” rating and set a GBX 45 ($0.59) target price on shares of Debenhams plc in a research report on Monday, October 30th. Jefferies Group LLC reissued a “hold” rating and set a GBX 47 ($0.62) target price on shares of Debenhams plc in a research report on Friday, October 27th. J P Morgan Chase & Co reissued an “underweight” rating and set a GBX 38 ($0.50) target price on shares of Debenhams plc in a research report on Friday, October 27th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 55 ($0.72) target price on shares of Debenhams plc in a research report on Tuesday, September 19th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Debenhams plc presently has an average rating of “Hold” and a consensus target price of GBX 46.93 ($0.62).
Debenhams plc (LON DEB) traded down GBX 0.75 ($0.01) during midday trading on Tuesday, hitting GBX 37.50 ($0.49). The stock had a trading volume of 2,567,518 shares, compared to its average volume of 3,210,000. Debenhams plc has a 52-week low of GBX 38 ($0.50) and a 52-week high of GBX 59.35 ($0.78).
About Debenhams plc
Debenhams plc is a United Kingdom-based company, which is engaged in multi-channel business. The Company’s brand trades through approximately 240 stores in 27 countries. The Company’s segments are UK and International. The UK segment consists of stores in the United Kingdom and online sales to the United Kingdom addresses.
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